DEWA Elevates Utility Experience with Cutting-Edge Apple Vision Pro App
Dubai Electricity and Water Authority (DEWA) has unveiled its smart application on the Apple Vision Pro glasses, marking a pioneering step as the first utility company to leverage this augmented and virtual reality integrated technology for service delivery.
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By integrating the smart app with Apple Vision Pro’s wide array of capabilities, DEWA aims to elevate the customer experience. This initiative is part of DEWA’s broader strategy to drive smart service uptake and deliver its offerings through multiple digital platforms. The app on Apple Vision Pro encompasses extensive services and functionalities.
Users can log in via the UAE Pass, username and password, or eyeprint verification, and can easily select their primary account for queries and access visual data through virtual touch and drag.
The application enables customers to check their bill details, make payments via Apple Pay, utilize the Smart Living dashboard, and review consumption reports on a daily, monthly, and annual basis against comparable households via the My Sustainable Living Programme. It also offers personalized consumption efficiency advice and an individual environmental footprint for each user.
Saeed Mohammed Al Tayer, MD and CEO of DEWA, expressed the organization’s commitment to adopting cutting-edge technologies, including generative AI and metaverse, to offer innovative, secure, and proactive services accessible 24/7 through various user-friendly channels.
This approach not only streamlines transactions but also aligns with Dubai’s vision to become the smartest and happiest city globally. Al Tayer highlighted that DEWA’s state-of-the-art digital infrastructure has successfully driven the smart adoption rate of its services to 99.2%.
In 2023, DEWA saw a 25% increase in digital transactions from the previous year, totaling approximately 12.5 million, demonstrating its vital role in realizing the ambitious goals set by Dubai’s leadership.
These transactions spanned over 2.1 million through the website, more than 3.2 million via the smart app, and in excess of 6.8 million across various digital platforms in partnership with other entities.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Total income was higher by 10% year-on-year (YoY) at AED 300 million in the six-month period
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United Arab Bank PJSC (UAB or “the Bank”) has announced its financial results for the six months ended 30th June 2024. UAB reported a net profit before tax of AED 152 million for H1 2024, a 26% increase compared to AED 121 million for H1 2023. The net profit after tax for H1 2024 stood at AED 139 million, up 15% from AED 121 million in the same period last year. Earnings per share rose to AED 0.07 in H1 2024 from AED 0.06 in H1 2023.
Total income increased by 10% year-on-year to AED 300 million for H1 2024, compared to AED 273 million for H1 2023, driven by a 26% increase in net interest income. The Bank’s capital position remains strong with a CET1 ratio of 13% and a total capital adequacy ratio (CAR) of 18%.
UAB‘s liquidity profile is robust, with advances to stable resources ratio of 75% and an eligible liquid asset ratio of 19%, both comfortably above regulatory thresholds. The Bank’s credit ratings were affirmed by Fitch and Moody’s at BBB+/Ba1, with stable and positive outlooks respectively.
UAB’s performance in the first half of 2024 demonstrates significant growth in total assets, increasing by 12% compared to December 2023, and reflects a strategic focus on quality and farsighted risk management. These results indicate that the Bank is well-positioned to continue its growth trajectory.
Commenting on the Bank’s performance, H.H. Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Chairman of the Board of Directors of United Arab Bank, said: “UAB’s strong performance in the first half of 2024 reflects the successful implementation of our growth strategy and reinforces our commitment to delivering sustainable value to our shareholders. We are confident that our prudent business model shall continue to deliver a solid performance and deal with the opportunities and challenges that will present themselves.”
He added: “As we move ahead into the second half of the year, we remain committed to enhancing our customers’ banking experience and contributing to the growth and prosperity of the UAE’s economy.
Shirish Bhide, Chief Executive Officer of United Arab Bank, commented: Our customer-centric approach and sustainable growth model has led to a 15% increase in net profit and a 12% growth in total assets. Our positive performance is a testament to the successful execution of our strategic priorities and clear evidence of the success of the many initiatives that have been implemented at the Bank. Going forward, we will continue investing in our growth strategy and digital capabilities, while equally focusing on developing innovative products and services that meet our customers aspirations whilst upholding the highest standards of compliance and internal controls.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
